HKMA

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SFC fines banking giant HSBC for breaching disclosure requirements over 8-year period

HSBC Holdings has been fined HK$4.2 million (US$538,423) for violating disclosure requirements involving public companies and new listing applicants over…

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Hong Kong’s ‘low-rate honeymoon’ ends as HKMA’s dollar-peg defence raises Hibor

A “low-rate honeymoon” for Hong Kong borrowers has come to an end with an increase in the interest rate banks…

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HKMA, HSBC allay concerns about Hong Kong’s loan books amid city’s property market slump

Hong Kong’s de facto central bank and the city’s largest lender have issued separate statements to assuage concerns about a…

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New Business

New normal: why Hong Kong’s commercial property deep-freeze is here to stay

In the second instalment of our two-part series on Hong Kong’s beleaguered property market, analysts explore why this slump is…

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New Business

Hong Kong’s booming wealth sector to lead hiring and office expansion, HKMA says

The strong growth of Hong Kong’s private banking and wealth management sectors will drive increased hiring and leasing of office…

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New Business

Hong Kong leaves base rate unchanged at 4.75% as US Fed defies Trump’s rate-cut pressure

The Hong Kong Monetary Authority (HKMA) kept its base rate unchanged in lockstep with the US Federal Reserve, after the…

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Hong Kong fights carry trade pressure with US dollar sales to maintain currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market on Tuesday, for the sixth time since late…

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New Business

HKMA intervenes in the market for the fifth time in 2 weeks to defend currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign-exchange market on Friday for the fifth time in two weeks,…

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New Business

Hong Kong stocks rise on mainland fund purchases, Beijing growth pledge

Hong Kong stocks rose from a one-week low as mainland funds ploughed more money into the city’s assets on optimism…

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New Business

Hong Kong passes stablecoin law, clearing way for licensed issuers to sell to public

Hong Kong lawmakers passed a law on Wednesday that establishes a regulatory regime for stablecoins, paving the way for issuers…

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